Civic Intelligence

Hopeful Beginnings

990 • Fiscal year 2022 • EIN 47-4743347

Jan 01, 2022 to Dec 31, 2022 • Filed on May 11, 2023

1601 South 17th AveGrand Forks, ND 58201

(701) 772-1884

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

2022 filings • NTEE P • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

1.22x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • NTEE P • $1M-$5M nonprofits • Source year 2022

Net Margin

13th percentile

-16%

Higher net margin than 13% of similar nonprofits.

2022 filings • NTEE P • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$56,862

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2022 filings • NTEE P • $1M-$5M nonprofits • Source year 2022

Asset Growth

94th percentile

126%

Faster asset growth than 94% of similar nonprofits.

2022 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

66%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,726,079

Up $1,520,917 (+126%) from 2021

Net Assets

Down

-$43,379

Down $233,581 (-123%) from 2021

Liabilities

Up

$2,769,458

Up $1,754,498 (+173%) from 2021

Revenue

Up

$2,266,681

Up $903,782 (+66%) from 2021

Expenses

Up

$2,637,111

Up $1,304,527 (+98%) from 2021

Net Income

Down

-$370,430

Down $400,745 (-1322%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $92,751Liabilities 2016: $93,226Net Assets 2016: -$4752016Assets 2017: $73,587Liabilities 2017: $66,296Net Assets 2017: $7,2912017Assets 2018: $143,927Liabilities 2018: $131,605Net Assets 2018: $12,3222018Assets 2019: $203,063Liabilities 2019: $171,941Net Assets 2019: $31,1222019Assets 2020: $322,939Liabilities 2020: $163,052Net Assets 2020: $159,8872020Assets 2021: $1,205,162Liabilities 2021: $1,014,960Net Assets 2021: $190,2022021Assets 2022: $2,726,079Liabilities 2022: $2,769,458Net Assets 2022: -$43,3792022Assets 2023: $2,633,392Liabilities 2023: $2,649,435Net Assets 2023: -$16,0432023Assets 2024: $2,895,153Liabilities 2024: $2,476,018Net Assets 2024: $419,1352024

Highlighted filing

2022

Assets$2,726,079
Liabilities$2,769,458
Net Assets-$43,379

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $415,932Expenses 2016: $416,407Net Income 2016: -$4752016Revenue 2017: $574,070Expenses 2017: $566,304Net Income 2017: $7,7662017Revenue 2018: $704,479Expenses 2018: $689,207Net Income 2018: $15,2722018Revenue 2019: $976,063Expenses 2019: $938,471Net Income 2019: $37,5922019Revenue 2020: $1,231,870Expenses 2020: $1,103,105Net Income 2020: $128,7652020Revenue 2021: $1,362,899Expenses 2021: $1,332,584Net Income 2021: $30,3152021Revenue 2022: $2,266,681Expenses 2022: $2,637,111Net Income 2022: -$370,4302022Revenue 2023: $2,941,176Expenses 2023: $2,913,840Net Income 2023: $27,3362023Revenue 2024: $3,315,259Expenses 2024: $2,913,460Net Income 2024: $401,7992024

Highlighted filing

2022

Revenue$2,266,681
Expenses$2,637,111
Net Income-$370,430
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$2,266,681
Mission and Program Overview

Mission

To provide a developmentally appropriate christian evironment where children are encouraged to let god love them, love him in return and love others in jesus' name

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$118,059$2,474,312▲ $2,356,253
Cash and Non-Interest-Bearing Accounts$124,562$80,272▼ $44,290
Savings and Temporary Cash Investments$19,568$19,682▲ $114
Accounts Receivable$2,598$7,422▲ $4,824
Prepaid Expenses and Deferred Charges$940,375$1,732▼ $938,643
Total Assets$1,205,162$2,726,079▲ $1,520,917
Other Assets Total-$142,659-
Liabilities
Mortgage Notes Payable Secured by Investment Property$500,000$1,984,193▲ $1,484,193
Other Liabilities$350,000$590,000▲ $240,000
Accounts Payable and Accrued Expenses$164,960$112,872▼ $52,088
Deferred Revenue-$82,393-
Total Liabilities$1,014,960$2,769,458▲ $1,754,498
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$190,202$-43,379▼ $233,581
Total Net Assets Fund Balance$190,202$-43,379▼ $233,581
Total Liabilities and Net Assets / Fund Balance$1,205,162$2,726,079▲ $1,520,917

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,213,460$35,326$2,248,786
Equipment$160,852$179,348$340,200
Land$100,000--
Other Assets Org$142,659--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah SchindlerExec DirectorFT$54,362$2,500$56,862

Board Members and Trustees

NameTitle
Tricia LeePresident
Ken NashMember
Laura MuizelaarMember
Nikki KiefferSecretary
Jeff EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$245,805
Program Service Revenue
$1,991,164
Investment Income
$114
Other Revenue
$29,598
All Other Contributions
$5,395
Change in Net Assets
$-370,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,836,251
Other Expenses$800,860
Total Fundraising Expense$2,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,536,058$63,796$0$1,599,854
Occupancy$154,442$0$0$154,442
Payroll Taxes$124,455$7,505$0$131,960
Depreciation Depletion$95,669$0$0$95,669
Interest$70,381$0$0$70,381
Current Officers, Directors, Trustees, and Key Employees$21,745$32,617$0$54,362
Other Expenses$53,300$0$0$53,300
Other Employee Benefits$33,594$13,981$0$47,575
Office Expenses$2,795$25,428$0$28,223
Fees for Services Accounting$0$23,089$0$23,089
All Other Expenses$20,955$0$0$20,955
Insurance$5,066$0$0$5,066
Pension Plan Contributions$1,000$1,500$0$2,500
Advertising$152$0$2,045$2,197
Conferences and Meetings$284$0$0$284
Total Functional Expenses$2,467,150$167,916$2,045$2,637,111
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable to Land of Hope, LLC$400,000
Loan Payable to Hope Evangelical Covenant Church$190,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Hopeful Beginnings
EIN
47-4743347
Phone
7017721884
Address
1601 SOUTH 17TH AVE, GRAND FORKS, ND 58201

Signing Officer

Name
Sarah Schindler
Title
Executive Director
Phone
7017721884
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Schindler
Formed
2015
Legal Domicile
Nd
Voting Board Members
6
Independent Board Members
6
Employees
167
Volunteers
0

Preparer

Firm
Overmoe & Nelson Ltd
Address
200 1ST AVE N STE 30, GRAND FORKS, ND 58203
Preparer
Sandra Borhart CPA
Phone
7017460437
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The return is reviewed by board members at a board meeting prior to submission

Pt VI, Line 15A

Comparable wages based on survey of other local daycares

Pt VI, Line 19

Upon request during normal business hours

Financial Statement Notes

Pt X, Line 2

The organization is organized as a north dakota nonprofit corporation and has been recognized by the irs as exempt from federal income tax under irc section 501(a) as an organization described in irc section 501(c)(3), qualifies for the charitable contribution deduction, and has been determined not to be a private foundation. The organization is annually required to file a return of organization exempt from income tax (form 990)with the irs. In addition, it is subject to income tax that is derived from business activities that are unrelated to its exempt purpose. The organization has determined that it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (990-t) with the irs.

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IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01939063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152101
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0300983
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt07614
IRS990/PYInvestmentIncomeAmt01188
IRS990/PYOtherExpensesAmt0419906
IRS990/PYProgramServiceRevenueAmt01060728
IRS990/PYRevenuesLessExpensesAmt030315
IRS990/PYSalariesCompEmpBnftPaidAmt0905064
IRS990/PYTotalExpensesAmt01332584
IRS990/PYTotalRevenueAmt01362899
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-370430
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02266681
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019568
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019682
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0130905
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0128017
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0135403
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0394325
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: OTHER INCOME 2019: 34. 2020: 216. Description: SALE OF SUPPLIES 2022: 900. Description: BND FLEX PACE PROGRAM 2022: 28698.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0245805
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0257317
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0140395
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0140070
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0783587
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0114
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01188
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01360
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0643
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03307
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01991164
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01104394
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01089899
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0835316
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0704477
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05725250
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0114
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01188
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01360
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0643
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03307
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt029598
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0216
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt034
IRS990ScheduleA/OtherIncome509Grp/TotalAmt029848
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.89780
IRS990ScheduleA/PublicSupportPY509Pct00.91790
IRS990ScheduleA/PublicSupportTotal509Amt05873707
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0240805
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0130905
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0128017
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0135403
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0635130
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0240805
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0240805
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02236969
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01361711
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01230294
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0975386
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0704477
IRS990ScheduleA/Total509Grp/TotalAmt06508837
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06541992
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02213460
IRS990ScheduleD/BuildingsGrp/DepreciationAmt035326
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02248786
IRS990ScheduleD/EquipmentGrp/BookValueAmt0160852
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0179348
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0340200
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0142659
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW FUNDS AVAILABLE FOR PACE PROGRAM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0400000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1190000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE TO LAND OF HOPE, LLC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN PAYABLE TO HOPE EVANGELICAL COVENANT CHURCH
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS ORGANIZED AS A NORTH DAKOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990)WITH THE IRS. IN ADDITION, IT IS SUBJECT TO INCOME TAX THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION HAS DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (990-T) WITH THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02474312
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0142659
IRS990ScheduleD/TotalLiabilityAmt0590000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED BY BOARD MEMBERS AT A BOARD MEETING PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPARABLE WAGES BASED ON SURVEY OF OTHER LOCAL DAYCARES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST DURING NORMAL BUSINESS HOURS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0true
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOPE EVANGELICAL COVENANT CHURCH

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